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Title: 45% of EU firms report investments to address climate change: Survey
Source:Business Standard
Date:10 August 2021

As Europe shows global leadership in the fight against climate change with the Green Deal and the new "fit for 55" proposals, around 45 per cent of European Union (EU) firms report investments to address climate change. Nearly half of firms in the EU have invested in energy efficiency, up from 37 per cent in 2019 to 47 per cent in 2020. Although EU firms show commitment, enhancing their awareness of climate change-related risks will be the key to greater climate investment. These are the key findings of a new European Investment Bank (EIB) report "European firms and climate change 2020/2021: Evidence from the EIB Investment Survey" that was published on 09 August 2021.The new report provides an overview of EU firms' perceptions of climate risks, their investment to address those risks and the main factors influencing their decisions.

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